Former Obama Secretary of Defense Leon Panetta called on President Biden to admit his administration underestimated the impact inflation would have on the country.
"[Biden should] Really try to put together some of the business leaders in the country and really establish some kind of consult there at the White House that can provide guidance as to what steps need to be taken and what restraints need to be put in place," he said.
President Joe Biden listens as he meets virtually with infant formula manufacturers from the South Court Auditorium on the White House complex in Washington, Wednesday, June 1, 2022.Panetta added,"We’re talking about the interests of the country. I understand we’re in a political year, politics prevails on every front. I understand that problem.
"I think he can do it. I think it’s possible to do it. We’ve had to face those problems in the past. But the answer is to develop something that will be ," he said,"and it’s not going to be credible with the American people unless it represents all of the interests that have something to lose in this inflation battle."Get all the stories you need-to-know from the most powerful name in news delivered first thing every morning to your inbox
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